DSMFF (DSM-Firmenich AG) Graham Number: $20.35 (As of Dec. 2025) — 476% Above Median

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DSMFF DSM-Firmenich AG DSMFF
55 GF Score
Price $99.00
GF Value $89.06
Valuation Modestly Overvalued
! 8 Warning Signs
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What is DSM-Firmenich AG Graham Number?

DSM-Firmenich AG DSMFF +0.51% 55 Graham Number is $20.35 as of Dec. 2025, which is 476% above its 10-year median of 3.53. GuruFocus rates DSMFF with a GF Score™ of 55/100 and a GF Value™ of $89.06 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,153 Chemicals companies, DSM-Firmenich AG ranks worse than 90.29% on this metric.

Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

As of today (2026-07-18), the stock price of DSM-Firmenich AG is $99.00. DSM-Firmenich AG's graham number for the quarter that ended in Dec. 2025 was $20.35. Therefore, DSM-Firmenich AG's Price to Graham Number ratio for today is 4.86.

The historical rank and industry rank for DSM-Firmenich AG's Graham Number or its related term are showing as below:

DSMFF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.36   Med: 3.53   Max: 4.95
Current: 4.95

During the past 4 years, the highest Price to Graham Number ratio of DSM-Firmenich AG was 4.95. The lowest was 2.36. And the median was 3.53.

DSMFF's Price-to-Graham-Number is ranked worse than
90.29% of 1153 companies
in the Chemicals industry
Industry Median: 1.46 vs DSMFF: 4.95

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


DSM-Firmenich AG  (OTCPK:DSMFF) Graham Number Explanation

Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:

Current price should not be more than 15 times average earnings of the past three years.

Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)

Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.

In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.

DSM-Firmenich AG's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=99.00/20.35
=4.86

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Please keep these in mind:

1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.


DSM-Firmenich AG Graham Number Related Terms


DSM-Firmenich AG Graham Number Historical Data

* Premium members only.

The historical data trend for DSM-Firmenich AG's Graham Number can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

DSM-Firmenich AG Graham Number Chart

DSM-Firmenich AG Annual Data
Trend Dec21 Dec23 Dec24 Dec25
Graham Number
0.00 0.00 21.76 34.08

DSM-Firmenich AG Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Graham Number Get a 7-Day Free Trial 0.00 0.00 22.37 39.82 20.35

DSMFF vs LIN, SHW, ECL: Graham Number Comparison

For the Specialty Chemicals subindustry, DSM-Firmenich AG's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DSM-Firmenich AG Price-to-Graham-Number vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, DSM-Firmenich AG's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where DSM-Firmenich AG's Price-to-Graham-Number falls into.


DSMFF
55GF Score
DSM-Firmenich AG DSMFF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DSM-Firmenich AG Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

DSM-Firmenich AG's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*13.314*3.876)
=34.08

DSM-Firmenich AG's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*13.314*1.383)
=20.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of $20.35 mean?
DSM-Firmenich AG (DSMFF) has a Graham Number of $20.35 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on DSM-Firmenich AG and its competitors. This is 476% above median its historical median of 3.53. Over the past decade, DSM-Firmenich AG's Graham Number has ranged from 2.36 to 4.95. According to the industry distribution chart, DSM-Firmenich AG ranks #1041 out of 1153 companies in the Chemicals industry, placing it in the top 90.3%.
Is DSM-Firmenich AG's Graham Number too high?
DSM-Firmenich AG's current Graham Number of $20.35 is 476% above median its 10-year median of 3.53. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 4.95. The Chemicals industry median Graham Number is 1.46. DSM-Firmenich AG's value of $20.35 is 1293.8% above this industry median. Based on the distribution chart, DSM-Firmenich AG ranks #1041 out of 1153 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, DSM-Firmenich AG has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DSM-Firmenich AG's Graham Number compare to LIN and SHW?
According to the Chemicals industry distribution chart, DSM-Firmenich AG ranks #1041 out of 1153 companies for Graham Number. This places DSM-Firmenich AG in the lower half of its industry. The industry median Graham Number is 1.46. DSM-Firmenich AG's value of $20.35 is 1293.8% above this benchmark. Historically, DSM-Firmenich AG's own Graham Number has ranged from 2.36 to 4.95 over the past decade. While the company's 10-year median is 3.53 vs. the industry median of 1.46, DSM-Firmenich AG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Chemicals company?
The median Graham Number among Chemicals companies is 1.46, based on 1,153 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DSM-Firmenich AG's current Graham Number of $20.35 is 1293.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on DSM-Firmenich AG and its competitors. For the Chemicals industry, the median Graham Number is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DSM-Firmenich AG's current Graham Number is $20.35, which is 476% above median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DSM-Firmenich AG stock overvalued right now?
Based on GuruFocus' analysis, DSM-Firmenich AG (DSMFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $89.06, compared to a current price of $99.00 — trading 11.2% above its estimated fair value. The current Graham Number is $20.35, which is 476% above median its 10-year median of 3.53 and 1293.8% above the Chemicals industry median of 1.46. DSM-Firmenich AG's overall GF Score™ is 55/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For DSM-Firmenich AG (DSMFF), the current Graham Number is $20.35 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is DSM-Firmenich AG (DSMFF) Overvalued in 2026?

Based on GuruFocus' analysis, DSM-Firmenich AG stock appears to be overvalued. The current stock price of $99.00 is trading 11.2% above its estimated GF Value™ of $89.06. GuruFocus considers DSM-Firmenich AG to be Modestly Overvalued.

Key valuation signals for DSMFF:

  • Graham Number: $20.35 (476% above median its 10-year median of 3.53)
  • GF Value™: $89.06 vs. price of $99.00 (11.2% above fair value)
  • GF Score™: 55/100 with 8 warning signs
  • Industry Position: 1293.8% above the Chemicals median (#1041 of 1153)

No single metric tells the full story. See the DSMFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DSM-Firmenich AG Business Description

Address Wurmisweg 576, Kaiseraugst, CHE, 4303
DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.
55GF Score

Get the complete analysis for DSMFF

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$99.00
Price
$89.06
GF Value